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Twenty twelve- A Melbourne Peaknik's view

On the brink of new year it is tempting to think about our financial situation in the months to come

mike's picture

A crisis is a terrible thing to waste

For over twenty five years, I could not understand why as a civilisation we have this fascination with Economic Growth. Everyone tells us that growth is good for us, even though most of us don't like it, and consternation abounds when it goes away, as is happening right now. Well dear reader, it's all clear as a bell now. Capitalism, and its cousins the Free Markets, are fundamentally flawed. Capitalism is doomed to fail, no matter what we do, and here is why.

See also: "How the growth lobby threatens Australia's future" of 24 Jan 09 (also published on Online Opinion with forum discussion).

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